noun
junk bond
A high-yield, high-risk bond with a low credit rating. Used in financial contexts.
ジャンクボンドは利回りが高いが、デフォルトのリスクも大きい。
Junk bonds offer high yields, but the risk of default is also high.
Variant with a middle dot, sometimes used in financial documents.
Borrowed from English 'junk bond'.